Monday, June 12, 2017

MORNEAU'S AUTOMATIC TAX HIKES

Most taxpayers probably breathed a sigh of relief that Finance Minister Bill Morneau’s spring budget didn’t include any headline-grabbing tax hikes, such as increases in income taxes or business taxes.
  But buried in the proposed legislation is a troubling provision that matters much more than the five-cent tax hike: an automatic “tax escalator” which would see those same booze taxes rise every year at the rate of inflation.
In other words, it isn’t a one-time tax hike. It’s one that will be hitting beer drinkers over and over again. Every year. Forever.

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